Financial Daily from THE HINDU group of publications
Saturday, Jan 07, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 07, 2006 |
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Corporate
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Alliances & Joint Ventures Shasun ties up with French pharma co Our Bureau
Chennai , Jan. 6 SHASUN Chemicals and Drugs on Friday announced that it had signed a letter of intent with the Rhodia Group of France to acquire the pharmaceutical customs synthesis business of Rhodia Pharma Solutions. The proposed transaction includes manufacturing sites at Dudley and Annan in the UK. Technologies such as hydrolytic kinetic resolution, aromatic bond formation and radical tri-fluro methylation with patents are part of the transaction, said a release from Shasun. The transaction includes all of RPS development and custom manufacturing services catering to innovator and emerging pharmaceutical clients in the US, Europe and Asia, it says. Sources close to the transaction said the consideration could be around Rs 160 crore. They said that RPS was close to discovering quite a few molecules, which would benefit Shasun.
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